Senior Director, Alternative Investment Funds

SEI•New York, NY

1d•$200,000 - $260,000

About The Position

SEI’s Investment Manager Services Division is seeking a Senior Director for its Alternative Investment Funds Fund Accountant Team. The role provides day-to-day accounting and administration services to clients’ hedge and private equity funds, with operational ownership and leadership for a portfolio of service relationships. The Senior Director coordinates with internal teams, external clients, auditors, and vendors to deliver cost-focused, efficient, standardized, and predictable services consistent with the unit’s vision, goals, and policies. The position directs operations, including transaction initiation, service requests across multiple channels, and staff training and supervision through managers and supervisors. It develops and implements procedures and policies to maintain or improve client service, quality, operational efficiency, and adherence to corporate standards. The role also oversees fund administration and operational controls, manages client relationships and staff, supports sales responses, and leads process improvement and departmental initiatives.

Requirements

BA/BS in Business, Accounting, Finance, Economics, Mathematics, or equivalent professional experience.
At least 12 years of proven operations management experience leading multiple teams in a changing environment, or 6–12 years of experience in a public accounting firm with specific financial services experience.
Significant direct, relevant experience accounting for mutual funds and other unitized pooled investment vehicles.
Strong knowledge of securities trading practices in a back-office environment.
Genuine familiarity with the Investment Company Act of 1940 and the Investment Advisers Act of 1940.
Experience reviewing fund financial statements and understanding of U.S. GAAP for investment companies and related reporting requirements.
Proven track record managing operational teams or departments.
Demonstrated ability to initiate process changes that improve client service and operational efficiency.
Proven ability to manage staff development and performance.
Excellent communication, problem-solving, and analytical skills, including the ability to identify problems and trends.

Nice To Haves

CPA.
Drive to broaden financial services industry knowledge by learning new concepts and systems and applying them to daily work.
Attention to detail and commitment to high-quality, accurate deliverables.
Ability to collaborate with internal and external stakeholders and adapt as client needs change.
Positive, collegial approach to assisting colleagues and clients and ability to work in a team environment.
Curiosity, critical thinking, and attention to detail to solve problems and help implement efficient processes and procedures.
Alignment with SEI values of courage, integrity, collaboration, inclusion, connection, and fun.

Responsibilities

Understand, communicate, and resolve client-specific issues in coordination with SEI Relationship Teams.
Ensure the quality and delivery of Fund Accounting, Shareholder Reporting, and Administration services according to each client’s service model.
Serve as a senior technical and operational resource for clients and interact with the Boards of Directors or Trustees associated with the service portfolio.
Serve as Chief Financial Officer of client funds in certain circumstances.
Identify, interpret, apply, and communicate accounting and industry rules and regulations.
Identify trends in investment management and adjust operational services accordingly.
Set, communicate, monitor, and reinforce departmental vision, goals, and objectives; develop team action plans and monitor progress.
Participate in senior management meetings, initiatives, management training, and staff development.
Promote integration of Fund Accounting with other SEI business lines and set and enforce departmental policies.
Conduct performance appraisals and regular one-on-ones; provide career pathing and training; participate in interviews and hiring; and support staff development, promotions, and disciplinary action.
Participate in or lead departmental projects.
Review fund financial statements, fund documents, regulatory filings, budgets, and pro forma analyses.
Work with Tax and Legal on unique issues.
Lead and coordinate change to improve operational efficiency and effectiveness.
Ensure client service meets or exceeds expectations and monitor service and quality indicators, setting related goals.
Provide daily oversight and review of significant fund-level threshold deviations.
Manage staff resources to provide appropriate client coverage and service.
Set policies and procedures for the departmental operational control environment.
Monitor third-party vendor performance and the progress of funds’ annual audits.
Write and coordinate fund accounting responses to RFPs and RFIs.

Benefits

Comprehensive physical and mental health benefits, including medical, dental, vision, prescription, wellness, employee assistance program, and flexible spending account.
Life and disability insurance, with premiums paid for base coverage.
401(k) match.
Education assistance and tuition reimbursement.
Commuter benefits.
Up to 11 paid holidays per year.
21 days of PTO per year, prorated for new hires, with PTO increasing over time.
Paid parental leave.
Back-up childcare arrangements.
Paid volunteer days.
Discounted stock purchase plan.
Investment options.
Access to employee networks.
Discretionary annual bonus, subject to company approval.